Celsius boss Alex Mashinsky may be largely responsible for many of the firm’s unprofitable trades leading up to its bankruptcy. A new report from the Financial Times (FT) suggests that the CEO may have taken over trading operations back in January. He then took actions with company funds that overruled the decisions of other executives with multiple years of finance experience. Mashinsky’s Massive Trades The latest info is according to multiple people familiar with the matter – though the information…
Tag: Finland
Finland Raises 47.5M After Selling Stash of Seized Bitcoin
Finland has secured $47.5 million after selling around 1,890 seized Bitcoin (BTC). Yle, Finland’s national public broadcasting company, reported, citing an announcement from the Finnish Customs on Thursday, July 21. According to the agency, the BTC came from drug busts and was legally forfeited to the state after court rulings. The bulk of the BTC - around 1,666 came from raids before 2018. However, Finnish authorities took their time before deciding what to do with the funds. The government announced…
4 weeks ago 
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Finnish Authorities Facing Dilemmas on How to Liquidate Seized Bitcoins
Finnish authorities have been on an endless spree of seizing Bitcoins obtained from illegal activities valued at millions. Unfortunately for their cause, they have no idea how to liquidate them. More on the BTC Probe The confiscation of such Bitcoins prompted a debate on the best way to ensure the crypto gets liquidated. Local reports state that the Finnish Customs Service have their hands on a total of 1,666 Bitcoins. The agency managed to seize the cryptos from drug deals…
2 years ago 280
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